25/10/2022at 12:11

Avangrid wants to renegotiate "no longer viable" US offshore wind farm

Increased costs mean that a gigawatt-scale offshore wind farm cannot be built unless the agreed strike price is altered, says Iberdrola subsidiary, which wants a one-month suspension of the process.

Avangrid and CIP's Vineyard Wind project was also financially threatened, although for entirely different reasons than those making Avangrid requesting a renegotiation. | Photo: Illustration: Vineyard Wind

by maz plechinger, translated by kristoffer grønbæk and daniel pedersen

Danish utility Ørsted didn’t even show up to a US offshore wind tender last year, saying the price cap for the winning firm was unrealistically low.

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Mads Nipper criticizes competitors
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CIP's divested project triumphs in Massachusetts
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Ørsted's absence pushes rule change in Massachusetts
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